RAM Ram Active

 

TIDMRAM 
 
RNS Number : 8726C 
RAM Investment Group PLC 
23 November 2009 
 

FOR IMMEDIATE RELEASE23rd November 2009 
 
 
 
 
 
 
RAM INVESTMENT GROUP PLC 
("RAM" or the "Company") 
 
 
TrainFX Limited signs First Great Western contract. 
 
 
 
 
RAM announces that its investee company, TrainFX Limited ("TrainFX"), the 
developer of passenger information, media, communication and security systems 
for the rail sector, has been awarded a major contract by First Greater Western 
Limited ("First Great Western") to design, supply and install their new Advanced 
Passenger Information System on two major Thames Turbo fleets. 
 
 
First Great Western is replacing the existing system on 88 class 165 vehicles 
and 63 class 166 vehicles, in order to provide considerably improved information 
for passengers travelling on the Thames Valley route. 
 
 
The contract value is approximately GBP1 million and deliveries are expected to 
commence and complete in 2010. 
 
 
Tim Baldwin, Chairman of RAM, commented "TrainFX is poised to enhance future 
business opportunities as we believe that there is a UK available market in 
excess of GBP35 million for an advanced passenger information system and GBP20 
million of surveillance systems segmented by 'new' and 'replacement' sales, due 
to the number of trains that do not have systems fitted and the number of trains 
estimated to require system upgrade or replacement. This follows the 
introduction of European legislation for an increase in mass transit passenger 
information. We view this contract with First Great Western as an important step 
for TrainFX in the supply of its portfolio of new leading edge technologies to 
the rail sector." 
 
 
Commenting on the award, Phil Campbell, Managing Director of TrainFX, said "I am 
delighted that First Great Western has chosen TrainFX to provide our new 
advanced passenger information technology for these two fleets. As part of the 
largest train operating group in the UK, we are looking forward to working with 
First Great Western." 
 
 
 
 
For further information: 
 
+------------------------------------------------+------------------------------+ 
| RAM Investment Group plc                       | www.raminvestmentgroup.co.uk | 
+------------------------------------------------+------------------------------+ 
| Tim Baldwin, Executive Chairman                | Tel: 0207 518 4303           | 
+------------------------------------------------+------------------------------+ 
| Sandy Jamieson Libertas Capital Corporate      | Tel: 0207 569 9650           | 
| Finance Limited                                |                              | 
+------------------------------------------------+------------------------------+ 
| Monisha Varadan, Rivington Street Corporate    | Tel: 0207 562 3389           | 
| Finance Limited                                |                              | 
+------------------------------------------------+------------------------------+ 
 
 
+------------------------------------------------+----------------------------+ 
| TrainFX Ltd                                    | www.trainfx.com            | 
+------------------------------------------------+----------------------------+ 
| Phil Campbell, Managing Director               | Tel: 01332 366175          | 
+------------------------------------------------+----------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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